Navigating the Account Aggregator Landscape: Challenges and Road Ahead

Discover a new era in financial data management with Mojek Money's involvement in the Account Aggregator (AA) network. Championing a secure, consolidated view of financial details, we're addressing the challenges head-on to innovate and streamline financial services in India. Join us in this transformative journey towards a more integrated and transparent financial ecosystem.

Discovering the term “Account Aggregator” (AA) opens the door to a financial transformation in India. The concept of AA, an initiative of the Reserve Bank of India, is a major advancement in financial data management, offering a centralized view of your diverse financial details, including bank accounts, insurance policies, and investment portfolios. Mojek Money is at the forefront of embracing this innovative approach, ensuring enhanced privacy and security in an era of digital financial management. Learn more about this integration on our connectors page.

The Evolving Journey of AAs

Since its introduction, AA has shown promising progress, aiming to achieve a ubiquity similar to UPI. The vision, initiated by the RBI in 2016, was to create a network facilitating secure, streamlined, and consent-based financial data sharing. The AA network has welcomed numerous banks and financial information providers (FIPs), sparking innovative financial solutions. For detailed insights, visit our FAQs.

Hurdles on the Horizon

Despite the potential, the AA network faces challenges, including:

  1. Limited Account Types: Current limitations to individual accounts exclude joint, current, and fixed deposit accounts, which are pivotal for families and small businesses.
  2. Participating Banks: The absence of key banks like SBI, RBL Bank, Bandhan Bank, and SMB Bank hampers the transition to a paperless financial ecosystem.
  3. Data Quality Issues: Variances in transaction timestamps, dates, IDs, and narrations from major banks, including ICICI and HDFC, lead to user confusion and inaccuracies.
  4. API Performance: Technical issues, particularly with public sector banks, affect reliability in data retrieval and account discovery.

Mojek Money acknowledges these challenges and is actively involved in collaborative efforts to address them. Our goal is to contribute meaningfully to this network, driving it towards setting a new global standard in financial services. To join us in this endeavor or learn more, feel free to contact us.

Uniting for a Common Goal

The Account Aggregator network is more than a technical innovation; it’s a testament to India’s collective potential in democratizing financial services. Mojek Money is committed to being a proactive participant in this journey. Together, we aim to realize the full promise of AA for every Indian citizen, setting a benchmark in the global financial landscape.



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Mojek Money: Personal Finance Tracker

Mojek Money is a powerful personal finance tracker engineered for growth. Mojek helps you to bring all your finances in a single platform by directly connecting it to your banking and investment  and provide insights on investments and spending behavior.

Made with ❤️ in India | Copyright © 2023, Mojek Money

What is Mojek Money?
Mojek Money is a brand new personal finance and wealth management app designed to help you easily stay on top of your money and reach your financial goals with confidence! Mojek Money brings together everything from investments, spending, balances, your credit score and more. Access your financial life in one powerful app.

Is Mojek Money a bank?
No, Mojek Money is not a bank and does not have its own bank charter but works with industry leaders across the financial and technology industry to bring the best of both worlds to create what we believe is a radically better way to bank and manage your finances. Mojek Money is primarily a personal finance and wealth management app.

How does Mojek Money work?
Mojek is easy to use and get started. Create an account using your email and mobile number, and you’re ready to go! Securely link your accounts from banks, investments to loans. Get 24/7 access to all your financial data, so you can reach your financial goals with powerful tools, personalized insights, and more.

Why should you use a personal finance or wealth management app like Mojek Money?
Personal finance management apps are designed to help you manage your earning, budget, spending, and even savings. You don’t need to be a financial expert to understand how it works. Mojek Money is easy to use by common people and business owners who want to make their venture efficient and successful. When you start managing your finances, you’ll have a better perspective of where and how you’re spending your money. This can help you keep within your budget, and even increase your savings. With good personal finance management, you’ll also learn to control your money so you can achieve your financial goals.

Is Mojek Money free to use?
Mojek Money is currently free to use. However, in the future, we may decide to activate a premium plan in order to sustain our business and provide top class service and application to you. If you’re concerned about taking the plunge, don’t be—currently Mojek Money is complete free so you can make sure we’re the right fit for you.

How is Mojek Money different from other personal finance apps?
Mojek Money lets you see your entire financial picture at a glance. Create categories so you can follow your investments and spending habits in real-time. Set up savings goals to reach your dreams of financial freedom.There are too many great features to list them all, but here are a few highlights:
Mojek Money is the best of both worlds. Get a consolidated view of all your bank accounts, loans, credit cards, and investments in a dashboard that’s clean, simple, and easy to understand.
FLEXIBILITY: Mojek Money is designed to let you see your money the way you want to. Set up your own categories, limits, watchlists, and spending plan without getting bogged down in the details. It’s the app that’s tailor-made just for you.
A POSITIVE APPROACH: Mojek Money’s glass-half-full attitude helps you meet the goals you set, encouraging you along the way and celebrating your success.

What are the various platforms Mojek’s is linked with?
Mojek Money currently is linked with various financial institutions – Banks, equity(stocks), mutual funds, and cryptocurrency. Mojek Money is working closely with other financial and wealth management apps. Mojek Money currently links with the following applications:


  • HDFC Bank
  • IndusInd Bank Ltd
  • ICICI Bank
  • Axis Bank
  • IDFC First Bank
  • Kotak Mahendra Bank
  • Indian Overseas Bank
  • AU Small Finance Bank
  • Karur Vysya Bank
  • Canara Bank
  • Punjab National Bank
  • Union Bank Of India
  • Bank Of India
  • Yes Bank
  • Bank Of Baroda

Broking Accounts

  • Zerodha/Kite/Coin
  • AngelOne
  • Dhan
  • Fyers

Crypto Accounts

  • WazirX
  • BuyU Coin

Is Mojek Money available as a mobile app?
Mojek Money is currently available for Android and iOS on the Google and Apple store in India only.

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